Top management can install a(n)________ to direct the flow of new-product ideas to a central point where they can be collected,reviewed,and evaluated.
A)idea evaluation system
B)innovation management system
C)database
D)EIS
E)data processing system

Question

Quizplus · Accepted Answer

An innovation management system is specifically designed to gather and analyze new product ideas from various sources, including employees, customers, and partners. This type of system provides a formalized process for evaluating and prioritizing ideas, allowing top management to make informed decisions about which products to pursue. Option A, an idea evaluation system, is a component of an innovation management system and does not fully capture the scope of the question. Option C and E, a database and data processing system, are generic terms that may be used to describe different types of systems and are not specific to new product development. Option D, an Executive Information System, is a computer-based system that provides top-level executives with easy access to critical business information, but it is not specifically designed to manage new product ideas.

Top Management Can Install A(n)________ to Direct the Flow of New-Product